Forex Trading University - Price Action Trading Commentary

Weekly Forex Trading Commentary - Sunday 16th March 2014

GBP/USD - Price Holds Strong Above Key Support

As discussed in our market commentary on Thursday this market held above key support at 1.6580. Next week we would not be surprised to see this market continue pushing higher as the uptrend regains momentum.



GBP/JPY - Price Action False Break Of Key Support

The GBP/JPY produced a false-break of support at 168.30 in Friday's trading session. From here we would not be surprised to see... Click here to keep reading this price action trading commentary.

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Monday 17th March 2014

GBP/JPY - Price Moves Slowly Higher From Price Action False Break

This pair moved slowly higher today following the price action false-break we discussed in our market commentary yesterday. There is lots of room for this market to move higher and plenty of room for good risk / reward from here - though it's advisable not to be greedy 1:2 should be good enough since there is no clear trend in this market at the moment.



EUR/USD - Price Shows Rejection Of Dynamic Support

The EUR/USD consolidated today rejecting dynamic support and... Click here to keep reading this price action trading commentary.

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Wednesday 19th March 2014

AUD/USD - Bearish Price Action False Break Of Key Resistance

This pair produced a bearish price action false-break of key resistance today. From here we would not be surprised to see this market move lower and perhaps retest support down at 0.8900.



About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Thursday 20th March 2014

EUR/USD - Big Sell Off From Resistance, 1.3700 Insight

We've seen a big sell-off on this pair over the last couple of days, it now looks like this market will move back to support at 1.3700 in the next few days / weeks.



About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Weekly Forex Trading Commentary - Sunday 23rd March 2014

AUD/USD - Sitting Just Below Key Resistance

This pair drifted back to around the 50% level of the false-break we discussed in our market commetnary on Wednesday last week. The false-break remains a valid setup and there is still a chance of a sell-off from here. The alternative scenario would be another push higher and if the market closes above 0.9100 on the daily we would start to consider this market form a bullish perspective again.



EUR/JPY - Bullish Price Action False Break From Key Support

The EUR/JPY produced a price action pin bar from key support on Friday. Near-term resistance is just below 144.00 so there is lots of room for good risk / reward on this trade.



Click here to keep reading this price action trading commentary.

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Monday 24th March 2014

EUR/JPY - Prices Moves Higher From Bullish Price Action Pin Bar

The EUR/JPY moved modestly higher today from the bullish price action pin bar we discussed in our market commentary yesterday. As long as price remains above support at 140.40 we favour the upside in this market.



DAX 30 Index - Price Moves Lower From Bearish Price Action Pin Bar

The DAX 30 Index rotated lower today from the price action pin bar we discussed in our market commentary yesterday. This market did actually... Click here to keep reading this price action trading commentary.

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Tuesday 25th March 2014

EUR/USD - Big Price Action Pin Bar, Though Market Remains Bearish Over The Long Term

This pair produced quite a large price action pin bar today as price closed back above 1.3800. There isn't really enough room to take a long trade here, but I do believe we will see a pop higher back up to retest key resistance. This could provide a logical place to look for a short trade as this market is definitely starting to look more bearish now.



About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Wednesday 26th March 2014

GBP/USD - Pushes Into Resistance, Watch Out For A Price Action False-Break

The GBP/USD is sitting right below key resistance now and we would not be surprised to see a price action false-break occur here tomorrow / Friday so watch this space...



Gold - Market Continues To Trend Lower, Retracement Back To Dynamic Resistance Overdue?

The Gold market kept drifting lower this week as this new downtrend really started to show direction. There is probably... Click here to keep reading this price action trading commentary.

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Thursday 27th March 2014

AUD/USD - Very Strong Uptrend, Waiting For Retracement And Price Action Signal

This market continued pushing higher again today. It's times like this where we need to wait and not get carried away with euphoria nased on the fact the market has been strong. Price is now sitting above resistance and there is no more resistance for a long time. We will now wait for a good price action signal from the EMAs to join the strength in this market.



EUR/USD - Market Sells Off And Produces A Lower High

This pair sold off again today as it produced a lower low and the EMAs are now pointing downwards. This market may well... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Weekly Forex Trading Commentary - Sunday 30th March 2014

AUD/JPY - Price Clears Key Resistance, Strong Uptrend Kicking Off

The strength in this market shows that AUD is bullish across the board. Price pushed above 94.00 key resistance last week and we will be looking out for a price action buy signal after a retracement next week.



GBP/JPY - Price Explodes Higher From Key Support

This pair finally exploded higher on Friday as we predicted in our market commentary a few days ago. This pair may... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Monday 31st March 2014

GBP/USD - Price Rejects Support At 1.6600 And 8-Day EMA

We have revised our support level on this market to 1.6600 - it is a round number and you can clearly see it has acted as support in the past. We may see a small retracement before price pushes higher to retest key resistance up near 1.6800 over the next few days.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Tuesday 1st April 2014

AUD/USD - Price Consolidates Above Dynamic Support

This pair consolidated above dynamic support today, the highest probability move remains an upside break from here. We would have liked to see a nicer price action signal to trigger a trade so will keep an eye out on the 4-hour timeframe for any entry signals over the next 24 hours.



USD/JPY - Upside Breakout Of Trading Range

The USD/JPY broke out of it's trading range today and is now... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Wednesday 2nd April 2014

AUD/USD - Price Action Inside Bar Setup From Dynamic Support

Today we got a price action inside bar setup from dynamic support on this pair. The trend is strong to the upside so the highest probability outcome remains an upside breakout from here. There is some news out from Australia in the next few hours so that will hopefully move this pair one way or the other.



USD/JPY - Price Drifts Higher Above Key Resistance, Wait For Retracement

Price kept drifting higher above key resistance today. We are waiting for... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Thursday 3rd April 2014

AUD/USD - Deeper Retracement Back To Key Support Remains Likely

This pair has been chopping about over the last couple of days failing to gain more momentum in the current uptrend. There remains a high chance of a deeper retracement back to key support before another leg higher. We will wait to see if this move plays out as suspected before looking for a price action buy signal on this pair.



EUR/JPY - Price Rejects Top Of Trading Range

The EUR/JPY rejected the top of it's trading range over the last two days. We would not be surprised to see... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Weekly Forex Trading Commentary - Sunday 6th April 2014

GBP/USD - Price Closes Above Support At 1.6565, Might Move Higher From Here

The GBP/USD dipped lower on Friday but managed to close back above key support at 1.6565. This level coincides more or less with the 50% level of the last move higher and so there is a lot of confluence here too. We would not be surprised to see this market continue to push higher into the start of next week contesting that level near 1.6700 and then up past that we have resistance near 1.6800 which may be test if the market picks up a lot of momentum.



EUR/JPY - Market Sells Off From Key Resistance

The EUR/JPY sold off on Friday as predicted in our market commentary on Thursday last week. From here we expect to see... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Monday 7th April 2014

DAX 30 Index - Market Tanks Lower From Bearish Price Action Pin Bar

The DAX 30 Index (and FTSE 100) tanked it massively lower today following the bearish price action pin bars we discussed in our market commentary yesterday. There is still a lot of room left for more selling in this market before running into support and we expect to see a significant move lower from current levels this week.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Tuesday 8th April 2014

GBP/USD - Explodes Higher Following Price Action False Break Of Key Support

The GBP/USD exploded higher today following the price action false-break that we discussed in our weekly commentary. This market is so strong now we would not be surprised to see it break above 1.6800 in the coming days / weeks. We will remain cautious though, as a false-break of 1.6800 on the daily timeframe would be a bearish development given how significant this resistance level is.



S&P 500 - Price Action False Break At Key Support

Despite the big sell-off that occurred in equity markets over the last 3 days this index managed to produce a false-break of key support. We must be... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Wednesday 9th April 2014

S&P 500 - Market Rallies Higher From Bullish Price Action Pin Bar

The S&P 500 rallied higher today following the price action pin bar / false-break we discussed in our forex market commentary yesterday. From here we may see a retest of key resistance near 1900, which would be a logical level to look for bearish price action signals forming at the top of this trading range.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Thursday 10th April 2014

AUD/JPY - Making Lower Highs, Deep Retracement Back To Support?

This market has made lower highs over the last few days producing two counter-trend pin bars. We may see a deeper retracement back to support near 94.00 over the next few days.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

Daily Forex Trading Commentary - Monday 14th April 2014

GBP/USD - Small Bullish Pin Bar From Dynamic Support

The GBP/USD produced a small bullish pin bar today as it rejected dynamic support. Tomorrow we may see a pop higher towards key resistance at 1.6800 and a continuation of the current uptrend.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.